AXA XL, a prominent division of AXA Group, is headquartered in the United States and operates extensively across North America, Europe, and Asia. Established in 1986, the company has evolved into a leading provider of insurance and pension funding services, excluding compulsory social security services.
Specialising in property, casualty, and specialty insurance, AXA XL distinguishes itself through innovative risk management solutions tailored to diverse industries. The firm is recognised for its robust underwriting capabilities and commitment to client service, positioning it as a trusted partner in the insurance landscape.
With a strong market presence, AXA XL has achieved notable milestones, including significant growth in its global operations and a reputation for excellence in complex risk coverage. Its dedication to delivering unique, client-focused solutions continues to solidify its status as a key player in the insurance sector.
+34 vs industry average
Axa Xl’s score of 71 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Insurance Services is among the least carbon-intensive industries
Industry performance
The Insurance Services industry has reduced its overall emissions by 7% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Axa Xl's reported carbon emissions
AXA XL, a prominent insurer and pension fund services provider headquartered in the US, reported total carbon emissions of approximately 37.1 billion kg CO2e in 2024. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions.
Key Emissions Data:
- 2024:
- Total Emissions: Approximately 37,145,000 kg CO2e
- Scope 1 Emissions: Approximately 911,000 kg CO2e
- Scope 2 Emissions (Market-based): Approximately 4,048,000 kg CO2e
- Scope 3 Emissions: Approximately 32,186,000 kg CO2e
- 2023:
- Total Emissions: Approximately 39,072,000 kg CO2e
- Scope 1 Emissions: Approximately 764,000 kg CO2e
- Scope 2 Emissions (Market-based): Approximately 4,318,000 kg CO2e
- Scope 3 Emissions: Approximately 33,990,000 kg CO2e
- 2022:
- Total Emissions: Approximately 26,650,000 kg CO2e
- Scope 1 Emissions: Approximately 1,100,000 kg CO2e
- Scope 2 Emissions (Market-based): Approximately 4,557,000 kg CO2e
- Scope 3 Emissions: Approximately 20,993,000 kg CO2e
- 2021:
- Total Emissions: Approximately 19,633,000 kg CO2e
- Scope 1 Emissions: Approximately 851,000 kg CO2e
- Scope 2 Emissions (Market-based): Approximately 3,875,000 kg CO2e
- Scope 3 Emissions: Approximately 14,907,000 kg CO2e
- 2020:
- Total Emissions: Approximately 18,748,000 kg CO2e
- Scope 1 Emissions: Approximately 1,639,000 kg CO2e
- Scope 2 Emissions: Approximately 4,789,000 kg CO2e
- Scope 3 Emissions: Approximately 12,320,000 kg CO2e
- 2019:
- Total Emissions: Approximately 45,785,000 kg CO2e
- Scope 1 Emissions: Approximately 1,818,000 kg CO2e
- Scope 2 Emissions (Market-based): Approximately 6,155,000 kg CO2e
- Scope 3 Emissions: Approximately 37,812,000 kg CO2e
- 2018:
- Scope 1 Emissions: Approximately 2,970,000 kg CO2e
- Scope 2 Emissions (Market-based): Approximately 7,559,000 kg CO2e
- Scope 3 Emissions: Approximately 44,936,000 kg CO2e
- 2017:
- Total Emissions: Approximately 59,391,000 kg CO2e
- Scope 1 Emissions: Approximately 2,427,000 kg CO2e (Stationary Combustion)
- Scope 2 Emissions: Approximately 9,728,000 kg CO2e (Purchased Electricity)
- Scope 3 Emissions included: Business Travel (approximately 31,936,000 kg CO2e), Employee Commute (approximately 5,040,000 kg CO2e), Purchased Goods and Services (approximately 249,000 kg CO2e), Waste Generated in Operations (approximately 453,000 kg CO2e).
Climate Commitments and Targets:
AXA XL is committed to reducing its environmental impact. A notable near-term target is to decrease the carbon footprint of AXA’s general account assets by 20% by 2025. This target applies to Scope 1 emissions and is set to be achieved by 2025, with a baseline of 2023.
AXA XL's climate initiatives, including targets for SBTi, RE100, and CDP, are cascaded from its ultimate parent organisation, AXA SA.
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Axa Xl’s Climate Goals (2030 & 2050)
1 goal2025
20% reduction in Scope 1
Decrease the carbon footprint of AXA’s general account assets by 20% by 2025.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 1 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from AXA SA
Carbon Disclosure Project
Inherited from AXA SA
The Climate Pledge
UN Global Compact Climate Champions initiative
Inherited from AXA SA
RE 100
Inherited from AXA SA
Climate Action 100
Emissions comparison with industry peers
View similar organisations
Axa Xl
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